-+ 0.00%
-+ 0.00%
-+ 0.00%

Citibank: Tencent Holdings (00700) 2026 Global Digital Ecosystem Conference may become a catalyst to reaffirm the “buy” rating target price of HK$755

Zhitongcaijing·10/27/2026 06:01:10
Listen to the news

The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Tencent Holdings (00700). The target price is HK$755, which has room for an increase of 95.4% from the closing price on October 26. The bank believes that the upcoming 2026 Global Digital Ecosystem Conference may become a potential catalyst for the company's stock price. The company may announce the official version of Hy4.0, share WorkBuddy's operating milestones, and update Tencent Cloud infrastructure upgrades and global cloud expansion strategies.

The bank said that although China's Internet sector is still weak as a whole, recent weak stock price performance has provided long-term investors with better buying opportunities. Citi remains constructive about the development position of artificial intelligence agents and reaffirms Tencent's “buy” rating.